India developed country 2020

He said that 35 years since Doi Moi, the economic renovation policy adopted in 1986 to see Vietnam opened its economy to the world, Vietnam has made great achievements of historical significance and developed more strongly and comprehensively compared to the years before that. … [Read more...] about Vietnam targets to become a developed country by mid-21st century: Party chief

The general development goal for the 2021-2025 period and following years is improving the leadership and ruling capacity and the combativeness of the Party; building a pure and comprehensively strong Party and political system; reinforcing people’s trust in the Party, State and socialism; sparking the desire to develop a prosperous and happy nation with the promotion of the will and strength from the national great solidarity bloc in combination with the power of the era; comprehensively speeding up the cause of renewal, industrialization, and modernization; constructing and firmly safeguarding the Fatherland, firmly maintaining a peaceful and stable environment; and striving to turn Vietnam into a socialist-oriented developed country by the middle of the 21st century. … [Read more...] about 13th National Party Congress: Stepping up renewal process, rapid and sustainable national development

Therefore, the ministry has proposed the Prime Minister consider and adjust financial mechanisms to support the development of the fleet, including loans with preferential interest rates. Investment in a fleet of ships requires huge and long-term capital, while local enterprises are unlikely to be able to invest in high-quality fleets, according to Deputy Minister of Transport Nguyễn Nhật. The shipping companies have received very little financial support from the Government in the past few years to carry out fleet development. Interest rates on bank loans in Việt Nam are from 8-10 per cent per year, higher than interest rates in other countries such as Japan (1-2 per cent), Singapore (3 per cent) and China (4.5 per cent). At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners … [Read more...] about Shipping industry needs State support to develop: ministry

Hanoi (VNA) – Resident Representative of the UN Development Programme (UNDP) in Vietnam Caitlin Wiesen promised to closely coordinate with and contribute to the building and implementation of socio-economic development strategies and plans of Vietnam in a recent interview with the Vietnam News Agency (VNA). During the interview, Wiesen said Vietnam was commended for the significant preparations of all the background documents for the 13th National Party Congress, particularly socio-economic development strategy and the socio-economic development plan. The official noted these critical documents will determine Vietnam’s cause of development for the next five- and ten-year periods. Wiesen affirmed the UNDP has been delighted to partner with the Ministry of Planning and Investment and other partners to contribute to the development of the socio-economic strategy and plan, saying it is looking forward to joining the Vietnamese Government in implementing them. The UNDP … [Read more...] about UNDP vows to accompany Vietnam in development process

Waiting for solutions in the last days of 2020 At the TECHFEST 2020 event, Deputy Minister of Science and Technology Tran Van Tung said that since Decree 38 was put into operation, there are a handful of shortcomings. “And what you (Trung from VinaCapital Fund) mentioned is also a thing we are concerned about and finding solutions for.” … [Read more...] about Making startups register business in Vietnam discussed at TECHFEST 2020